Form 4: Infinera CEO David Heard Reports Stock Transactions
SEC Form 4 Filing
Infinera's CEO, David Heard, reports the acquisition and disposal of company stock and restricted stock units (RSUs) on June 5, 2024.
Summary
- On June 5, 2024, David Heard, the CEO of Infinera Corp, engaged in transactions involving the company's stock and restricted stock units (RSUs).
- He exercised 19,259 RSUs, acquiring 19,259 shares of common stock.
- Simultaneously, 7,579 shares were withheld by Infinera to cover tax obligations related to the RSU settlement at a price of $5.51 per share.
- Following these transactions, Mr. Heard directly owns 1,026,317 shares of Infinera common stock and 57,778 RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| March 5, 2022 | Vesting commencement date for the RSUs. |
| June 5, 2024 | Date of stock and RSU transactions. |
| June 7, 2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.